Magellan Aerospace Corp (MAL) Plans Quarterly Dividend of $0.10

Magellan Aerospace Corp (TSE:MAL) declared a quarterly dividend on Thursday, December 13th, TickerTech reports. Shareholders of record on Monday, December 31st will be given a dividend of 0.10 per share on Monday, December 31st. This represents a $0.40 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, December 13th. This is an increase from Magellan Aerospace’s previous quarterly dividend of $0.09.

Shares of TSE:MAL traded down C$0.61 during trading on Friday, hitting C$15.46. The company had a trading volume of 21,800 shares, compared to its average volume of 18,549. Magellan Aerospace has a one year low of C$15.02 and a one year high of C$21.90. The company has a quick ratio of 1.49, a current ratio of 2.65 and a debt-to-equity ratio of 9.33.

Magellan Aerospace (TSE:MAL) last posted its quarterly earnings data on Tuesday, November 6th. The company reported C$0.32 earnings per share (EPS) for the quarter. The company had revenue of C$226.52 million during the quarter. Research analysts anticipate that Magellan Aerospace will post 1.54000000597671 EPS for the current fiscal year.

MAL has been the subject of several analyst reports. TD Securities lowered their price objective on Magellan Aerospace from C$24.00 to C$22.00 in a research note on Thursday, November 8th. Canaccord Genuity raised their price objective on Magellan Aerospace from C$20.00 to C$21.00 in a research note on Wednesday, November 7th.

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About Magellan Aerospace

Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, and manufactures aero engine and aero structure components for aerospace markets in Canada, the United Sates, and Europe. The company offers aero engines products, including engine frames, compressor and fan cases, turbine cases, shafts, rotor spools, discs and blisks, and gearbox housings; and combustion liners and cases, exhaust frames and systems, engine bypass ducts and frames, acoustically treated exhaust systems, and fan cowl doors, as well as repair and overhaul services.

Further Reading: Balance Sheet

Dividend History for Magellan Aerospace (TSE:MAL)

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